Market Chatter: UniSuper Will Not Invest in Data Centers Directly, Chief Investment Officer Says

MT Newswires Live10-22 11:59

UniSuper will not invest in data centers directly despite owning stakes in Nextdc (ASX:NXT) and Goodman Group (ASX:GMG) and will, instead, look to back users of artificial intelligence, the Australian superannuation fund's Chief Investment Officer John Pearce said in an interview with Bloomberg Television on Thursday.

Nextdc's (ASX:NXT) shares fell to a nine-year low on Wednesday after it lowered its fiscal 2027 net revenue guidance and flagged delays to Jemena's electricity network works.

Pearce said the fund will look at any pullback in the semiconductor sector as a buying opportunity, according to Bloomberg.

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